New Delhi, Nov. 18 -- Most of the $533 million missing from Byju's Alpha was "round-tripped" to founder Byju Raveendran and his affiliates, according to a recent filing in a Delaware bankruptcy court, contradicting earlier sworn claims that the funds were used for "legitimate corporate needs".

Byju's Alpha is a US-based special purpose vehicle set up by Raveendran and his affiliates.

The bankrupt Indian education technology firm reportedly used OCI Limited, a UK-based logistics company, to help hide the cash from US lenders, the court filing claimed.

"The truth of what happened to the missing $533 million Alpha Funds has been an alarming mystery for a long time. But as part of its Settlement with the Debtor, OCI, a mediate transferee o...